Qualcomm Incorporated (NASDAQ: QCOM) today announced that Beijing Telecom Great Wall Mobile Communications Company Limited utilized Qualcomm Code Division Multiple Access (CDMA) handsets in the launch of China's first commercial CDMA digital wireless network.
In April 1997, Qualcomm announced a four-year agreement with the Telecom Great Wall Development Company. The agreement, valued at over $300 million, is for the purchase of Qualcomm's QCP-820™ dual-mode CDMA phones for distribution in China. The agreement remains one of the largest international sales of CDMA subscriber equipment to date.
"The launch of the first CDMA network in Beijing is a clear indication of the explosive worldwide growth in the wireless market and the increased demand for Qualcomm CDMA products in China," said Dr. Paul E. Jacobs, president of Qualcomm's Subscriber Products Division. "As the leading CDMA digital phone manufacturer, Qualcomm is prepared to meet the current and future demand for CDMA products throughout the People's Republic of China."
"Partnering with Qualcomm for the supply of CDMA handsets has been a crucial element in the launch of our new CDMA network," said Kang Jian, president of Telecom Great Wall Development Company, Beijing and the United States. "Now our customers in Beijing will experience the enhanced features of CDMA, including crystal clear voice quality, fewer dropped calls and enhanced security."
Qualcomm's QCP-820 CDMA dual-mode phone offers a unique dial shuttle, allowing users to quickly and easily operate the phone with a single touch. The lightweight QCP-820 also offers users an ergonomically designed earpiece for optimal comfort and exceptional sound reception. The phone also includes intelligent internal charging controls and five battery options providing up to five hours of talk time.
Qualcomm's entire series of CDMA digital portable phones, including the QCP-820 phone, features one of the largest liquid crystal displays (LCD) available, including a four-line by 12 character display area plus a line of icons indicating signal strength, battery status, transmission mode, roaming status and other functions. The large display is ideal for enhanced calling features that the phones support such as incoming caller ID, short messaging service and voice mail alert. The hallmarks of every Qualcomm CDMA digital phone include crystal clear voice quality, enhanced privacy and fewer dropped calls.
Headquartered in San Diego, Qualcomm develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS® system (a geostationary satellite-based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar™ low-earth-orbit (LEO) satellite communications system. Other Company products include the Eudora Pro™ electronic mail software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on Qualcomm products and technologies, please visit the Company's web site at http://www.qualcomm.com.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 29, 1996 and most recent Form 10-Qs.
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